Message Font: Serif | Sans-Serif
No. of Recommendations: 0
...I hope the investments don't get bigger. For example, the LA Times and Chicago Tribune are both on the market and reporters are speculating that Berkshire may be a logical acquirer (probably nothing to these rumors)

I share your hope and trust. I think those 2 papers are good examples of hopeless cases, with terminal decline ending in bankruptcy. There are just too many alternative news sources for LA or Chicago residents, many of them superior to those papers, often for free.

I think the kind of paper Berkshire is more likely to be interested are not like the Washington Post and Buffalo News (which Buffett will hold onto for traditional reasons), but rather more like The Eagle from Bryan-College Station and the Waco Tribune-Herald (of which we are the proud owners), based in places where alternative local news is difficult or impossible to find.

The nice thing about these papers is that Buffett could probably buy all of them without really moving the needle. And in this case, I WANT the needle not to be moved...

Regards, DTM
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.